9th April 2025: Odisha is set to experience significant industrial growth following a successful two-day Investors’ Meet in New Delhi. During this event, led by Hon’ble Chief Minister Shri Mohan Chran Majhi, the state secured 13 Memorandums of Understanding (MoUs) and 15 investment proposals, totaling ₹1,03,090 crore. These commitments are expected to create approximately 95,915 new jobs, providing a strong boost to Odisha’s industrial sector.
Hon’ble CM Shri @MohanMOdisha’s two-day visit to New Delhi for #OdishaInvestorsMeet concluded with landmark outcomes for #Odisha’s industrial growth. The highlight was a ₹58,042 Cr MoU with @IndianOilcl for a Dual-Feed Naphtha Cracker Project which will create around 24,000… pic.twitter.com/qFVGEQtouJ
— CMO Odisha (@CMO_Odisha) April 8, 2025
One of the most notable agreements was with Indian Oil Corporation, valued at ₹58,042 crore, for a Dual-Feed Naphtha Cracker Project. This venture alone is projected to generate around 24,000 jobs and represents a major advancement in the state’s petrochemical industry.
The discussions held with leading industrialists and investors have strengthened Odisha’s reputation as a prime investment destination. These investments are set to drive economic growth, foster job creation, and propel regional development, positioning the state for continued success in various industrial sectors.